It's pretty clear that we all are feeling the effects of the global system right now in one way or another. Be it trying to buy a home, trying to buy food, your daily pickup of gas on the way to work, trying to save money etc. These things are affecting all of us now and it's rather clear that the world is being tossed around at the moment.

With competition to the USD via Brics and Crypto and wars raging across the world in some of the biggest resource rich areas it's clear things are shifting and not so relaxed as they once were. Ever since Covid lock downs the world just hasn't recovered and has been bouncing all over the place since.

Grayscale

Grayscale was often a major selling of bitcoin while Blackrock and Fidelity saw inflows. However this has just recent changed and now Grayscale has also flipped into a buyer ETF of Bitcoin.

Now while a single day wont tell us if this is bullish or not it is an idea as to where we could be heading. In the first Q1 of 2024 Bitcoin has moved from 40k to 70k value which was primarily from ETFs but also mainly retail investor ETFs from 401k etc as most very large cap firms haven't jumped in being that the clearing houses they use are still trying to get their ducks in a row.

The Main Numbers

Before I jump into my own thoughts I have to shove this disclaimer in your face for the dumb people. *This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.

My thoughts are Bitcoin could still fall to around $50,000 to $55,000 again due to sell offs. However at some point during this summer or fall we should see it hit ATH of around $72,000 again at which point all of these ETFs will be primed for inflows from all over. These inflows are what people are expecting will usher in the next mega bull market that pushes us in my opinion to $114,000.

Taking A Look Back

The world not just the USA is in a rough place. Every country is seeing their dollar values crash. But there are a select few that are doing ok and these are mainly your resource rich countries and others that have a more firm lock down on the supply and how things operate.

What we are seeing though is the US trying to pull back on this and they are doing it hard by keeping interest rates high. This including all of the money poured into the civ population and still from the Covid days is seeing massive instability of rises and falls of values across many sectors.

When you compare this to Bitcoin however the inflation rate is steady, it's predictable and there is a limited supply of it. When the USA came off of the gold standard inflation things seemed all well and good. However it's sparked us to today where we see just massive debt across the board. Not only the US government but also the general population.

Because of this constant and massive instability which will most likely continue for at least another year people are putting their bets on Crypto aka $BTC as being the primary focus for end of year and start of next year as a very possible solution.

Posted Using InLeo Alpha